Perella lines up alternatives targets

By

David Rothnie

October 23, 2006 5:00 p.m. GMT

Perella Weinberg Partners, the newly formed investment banking boutique, is drawing up a list of hedge fund managers as potential acquisition targets as it seeks to expand its asset management business.

The firm, launched this year by former Wall Street bankers Joseph Perella and Peter Weinberg, has hired Rod Parsley to manage one of its hedge funds. Parsley joins from Terrapin Asset Management, where he managed a $50m (€40m) water fund. Perella Weinberg's mergers and acquisitions advisory business is up and running but...